NORTHERN OHIO INTERCULTURAL ASSOCI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Mustafa Ahmet Duzdag

Phone

2163954353

Tax Period

2024-01-01 to 2024-12-31

NORTHERN OHIO INTERCULTURAL ASSOCIATION, founded in 2019, is a small nonprofit in the Religion sector that reported $324K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $310K left a modest 4% surplus.

Mission

NOICA is dedicated to building a peaceful society, cultivating friendship, and promoting the understanding of diverse cultures and learning from each other through our dialogue efforts, different activities, and community services.

Program Service Accomplishments

Program 1

Expenses: $144,353 Revenue: $38,797

The organization provided weekend school, youth education programs, food festivals, winter retreat and other programs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $269,412

Program Service Revenue $38,797

Investment Income $0

Other Revenue $15,922

TOTAL REVENUE $324,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,466

Fundraising Expenses $0

Program Expenses $144,353

Other Expenses $227,888

TOTAL EXPENSES $310,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,131	$366,796	-0.1%
Expenses	$310,354	$248,032	+0.3%
Net Income	$13,777	$118,764	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mustafa Ahmet Duzdag	Board President	2	Officer Director	$0	$0	$0
Zeki Saritoprak	Board Member	2	Officer	$0	$0	$0
Gurtug Yalvac	Treasurer -Board Member	2	Officer	$0	$0	$0
Esmeray Gunay	Board Member	2	Officer	$0	$0	$0
Bulent Goysaya	Board Member	2	Officer	$0	$0	$0
Mehmet Hacisoftaoglu	Board Member	2	Officer	$0	$0	$0
Aydin Kara	Secretary-Board Member	2	Officer	$0	$0	$0
Hazel Kaynakci	Vice President -Board Member	2	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$324,131	$310,354	$216,589	$13,777
2023	$366,796	$248,032	$218,411	$118,764
2022	$154,089	$129,976	$100,088	$24,113
2021	$144,464	$150,955	$76,419	$-6,491
2020	$183,813	$134,804	$83,387	$49,009

NORTHERN OHIO INTERCULTURAL ASSOCIATION